Cambridge Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
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| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 12.27% | * 0.07% |
| 2007: | 19.02% | 0.10% |
| 2006: | 12.88% | 0.07% |
| 2005: | 13.50% | 0.07% |
| 2004: | 22.09% | 0.12% |
| 2003: | 14.11% | 0.08% |
| 2002: | 6.13% | 0.03% |
This bar graph illustrates CanEquity's individual monthly volume history for Internet applications from Cambridge, ON.
This bar graph represents the volumes of Web applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Cambridge occur during our first quarter (represented by the brown bars) with 32.52% while our slowest is the fourth quarter (represented by the red bars) with 15.95%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | August: | 13.5% | |
| 2: | May: | 12.3% | |
| 3: | February: | 12.3% | |
| 4: | March: | 10.4% | |
| 5: | January: | 9.8% | |
| 6: | April: | 8.0% | |
| 7: | November: | 7.4% | |
| 8: | September: | 7.4% | |
| 9: | July: | 6.8% | |
| 10: | December: | 4.3% | |
| 11: | October: | 4.3% | |
| 12: | June: | 3.7% |
The information below compares the busy days for online inquiries that were received by CanEquity's web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Cambridge the busiest day, with 19.02% of all inquiries, is Monday. In comparison, Thursday's are the slowest day with only 10.43% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Monday: | 19.0% | |
| 2: | Tuesday: | 16.6% | |
| 3: | Wednesday: | 16.6% | |
| 4: | Sunday: | 12.9% | |
| 5: | Friday: | 12.3% | |
| 6: | Saturday: | 12.3% | |
| 7: | Thursday: | 10.4% |
In Cambridge, mortgages are received 24 hours a day from the CanEquity web site. The time periods below indicates the rush hours within a 24-hour period. The data is taken from all days of all years. Only 36.8% of all mortgages are received before noon, while 61.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 00:00 to 00:59: | 1.2% |
| 01:00 to 01:59: | 0.6% |
| 03:00 to 03:59: | 0.6% |
| 04:00 to 04:59: | 0.6% |
| 05:00 to 05:59: | 1.2% |
| 06:00 to 06:59: | 2.5% |
| 07:00 to 07:59: | 4.3% |
| 08:00 to 08:59: | 4.9% |
| 09:00 to 09:59: | 8.0% |
| 10:00 to 10:59: | 8.6% |
| 11:00 to 11:59: | 6.1% |
| 12:00 to 12:59: | 6.7% |
| 13:00 to 13:59: | 6.1% |
| 14:00 to 14:59: | 8.0% |
| 15:00 to 15:59: | 2.5% |
| 16:00 to 16:59: | 1.8% |
| 17:00 to 17:59: | 7.4% |
| 18:00 to 18:59: | 9.8% |
| 19:00 to 19:59: | 6.1% |
| 20:00 to 20:59: | 5.5% |
| 21:00 to 21:59: | 3.1% |
| 22:00 to 22:59: | 2.5% |
| 23:00 to 23:59: | 1.8% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.49% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.12% |
| Nova Scotia: | 2.77% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.36% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.60% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 013: | OSHAWA, ON | 0.648% |
| 014: | BRANTFORD, ON | 0.572% |
| 015: | ST CATHARINES, ON | 0.572% |
| 016: | ETOBICOKE, ON | 0.558% |
| 017: | GUELPH, ON | 0.552% |
| 018: | CAMBRIDGE, ON | 0.542% |
| 019: | RICHMOND HILL, ON | 0.529% |
| 020: | NORTH YORK, ON | 0.505% |
| 021: | KINGSTON, ON | 0.489% |
| 022: | MARKHAM, ON | 0.435% |
| 023: | PETERBOROUGH, ON | 0.379% |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| Refinance: | 27.0% | |
| Qualification: | 25.2% | |
| First-time Buyer: | 14.7% | |
| No Money Down: | 9.8% | |
| Renewal: | 9.8% | |
| Purchase: | 5.5% | |
| Variable Rate: | 3.1% | |
| Pre-approval: | 1.8% | |
| Other: | 3% | |
| Total Application Types Found: 13 | ||
Average age: 38
Oldest age: 68
Youngest age: 21
The numbers below represent the average income of people living in Cambridge who have submitted an inquiry using CanEquity's pre-approval application.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Cambridge: | $53,041.15 |
| applicants within all of Canada: | $56,347.50 |
| Difference: | ($3,306.35) |
| mortgage co-applicants in Cambridge: | $39,093.47 |
| co-applicants within all of Canada: | $39,330.70 |
| Difference: | ($237.23) |
The table and pie chart below represents the residential status of people living in Cambridge who have applied for a mortgage loan using the pre-approval application on the CanEquity Mortgage web site.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 39.3% | |
| Own: | 52.8% | |
| Other: | 2.5% | |
| No Comment: | 2.5% | |
| Live with parents: | 3.1% |
The following table and pie chart represents the marital status of applicants from Cambridge, Ontario using the mortgage application found at the CanEquity web site. In Cambridge, over 74% of the mortgage applicants are living together with someone, while only 24% are single, separated or divorced.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 56.4% | |
| Common-law: | 17.8% | |
| Single: | 17.8% | |
| Separated: | 4.3% | |
| Divorced: | 2.5% | |
| Widowed: | 1.2% |
